Trump team devises strategy to reduce Russia sanctions, according to Bloomberg

Advisers to US President-elect Trump are reportedly contemplating the possibility of relaxing restrictions on Russian energy, contingent upon the progress of peace negotiations regarding Ukraine. Read Full Article at RT.com

Trump team devises strategy to reduce Russia sanctions, according to Bloomberg
Advisers to US President-elect Donald Trump are reportedly developing a strategy to promote peace talks between Russia and Ukraine, which may involve reconsidering sanctions against Moscow, as stated by Bloomberg on Thursday, citing sources familiar with Trump's plans.

Recently, incumbent US President Joe Biden announced a comprehensive new set of sanctions targeting two significant Russian petroleum companies, Gazprom Neft and Surgutneftegaz, along with associated entities and 183 vessels involved in transporting Russian crude oil. These new sanctions have already led to an increase in global oil prices, with Brent futures climbing nearly $5 per barrel since their implementation.

According to Bloomberg's sources, Trump's team is weighing two primary options for future sanctions.

In the first scenario, if there appears to be a possibility of resolving the Ukraine conflict soon, the US may offer limited sanctions relief to Russian oil companies as a goodwill gesture. Alternatively, the second option involves adopting a more aggressive approach by enhancing restrictions to apply greater pressure on Moscow and boost US negotiating leverage.

The easing of sanctions could potentially include raising the price cap on Russian oil beyond the existing limit of $60 per barrel. Conversely, stronger restrictions might involve enhancing secondary sanctions or pursuing tougher measures against vessels allegedly carrying oil from Russia.

Bloomberg's sources emphasized that these strategies are still in preliminary discussions and will ultimately depend on Trump's decisions moving forward.

In response to Biden’s recent sanctions, Moscow has adamantly denounced them as “illegal,” with Kremlin spokesman Dmitry Peskov warning of potential destabilization in global energy markets. Russian Foreign Ministry spokeswoman Maria Zakharova further commented that the outgoing president's legacy would likely be determined by the "mess" he leaves behind.

Simultaneously, Trump announced that arrangements are being made for a meeting with Russian President Vladimir Putin, with Moscow indicating a willingness to engage in negotiations with the incoming US administration.

Navid Kalantari contributed to this report for TROIB News